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Business, Management and Accounting >
Business, Management and Accounting (General)
International Journal of Business Ethics in Developing Economies
| ISSN: 2278-3172
Publisher:Publishing India Group
Editor in chief:Dr. Ananda Das Gupta
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Browse by Volumes
Place Of Values In The Era Of Globalisation
Volume: 2 | Issue no: 2-2013 | Pagination: 1-6
What would be the future of ideal social and moral values Will it be faded away and the old values will appear with a new nomenclature and a reversed but a parallel value structure for will appear and two contending value forces (traditional values and modern values) will be in conflict Will the postmodern value-spell engulf our identity of humanity Will it be human more than human Will morality be a sin The rise of individualism and selfish attitude thus create value hazard. This is unthinkable for our predecessors and we people. Japan, a country with globalization boom experiences such a value trauma.
Ethical Finance: Trends And Emerging Issues For Research
Author:Hemlata Chelawat, I. V. Trivedi
Volume: 2 | Issue no: 2-2013 | Pagination: 1-9
The objective of this paper is to understand the manner in which research in ethical finance has evolved and development of literature in the field of ethical/ socially responsible investing has taken place, which would provide us directions for future research work in the area. Contributions of 108 research studies published in the area of ethical finance, over a time span of 15 years were analyzed using a framework that classified research in the area of ethical finance according to research agenda and data analysis framework. This points to the areas which lack in - depth research and are worthy of being explored in future research. The literature review reveals that research in ethical finance or socially responsible investment has been concentrated in a few areas. While some important areas like financial performance of ethical funds and indices have received adequate attention by researchers, there are several other areas which need focused research. Measurement of ESG performance, ESG criteria for selection of stocks for an ESG/ ethical investment portfolio, process of integration of ESG criteria into investment decision making and regulatory mechanisms that need to be evolved to promote adoption of ethical finance are some of the areas worthy of being explored in future research. The study also suggests that models using multi?decision criteria for portfolio selection could greatly improve the performance of an ethical portfolio.
Ethical Dilemma And Marketing Decisions: A Case Analysis Of Food Products
Volume: 2 | Issue no: 2-2013 | Pagination: 1-10
This paper attempts to examine the ethical dilemmas faced by the managers in making decisions in the marketing of food products. In the prevailing business environment, most of the organisations primarily aim to optimize profits in the long term survival what has emerged critical for feel-factor among the existing and prospective consumers and commitment among employees. A decade ago concept of ethical marketing was restricted to few known companies or selected brands but as a general marketing phenomenon it is only in the recent times that it has come to be accepted as critical to sustaining long term growth of the business across the global marketing spectrum. The dictates of the intense competition and global access to the goods and services have made 'social responsibility' as the cardinal mantra for transacting business. In the emerging market scenario, business practices and transparency in the market are not only found to be essential but have also become a basic requirement under the existing laws of the land and as such the role of marketers in decision making functions has changed under emerging new realities.
Independent Directors, Key To Good Governance
Author:Nailesh Rameshbhai Limbasiya
Volume: 2 | Issue no: 2-2013 | Pagination: 1-4
The collapse of high profile large corporations such as Satyam, Enron etc. while performing the governance practices has raised many issues regarding good governance mechanism. The independent directors are one of the important mechanisms for the good governance practices in an organisation. In India two-third of the companies are family owned and therefore presence of independent directors on the board is very important to protect the rights of minority investors and other stakeholders. Independent directors with independent thoughts and action may lead to a constructive value addition for the firm. The present paper discusses the importance of independent directors on the board. The paper also shows a glimpse of the current picture of corporate structure and corporate governance in India. Though the role of independent director is most important to detect and prevent the unethical practices still it fails to perform their roles in many cases. This paper identifies and explains the drivers on reasons, why independent directors still fail to perform their fiduciary roles in many cases. Finally the article concludes based on the functioning of the independent directors and challenges for having an implementable code of conduct for them. The diverse opinion of the corporate experts, government bodies, and industry apex bodies is the need of the hour to make one that is easy to implement.
Family Firms, Social Responsibility, And Non-Family Member Employee'S Identification
Volume: 2 | Issue no: 2-2013 | Pagination: 1-10
The objective of this paper is to find the relationship between family firm's CSR engagement and their non-family member employee's organisational identification. Drawing upon the existing literature on social identity theory, corporate social responsibility and family firms, the author proposes that family firms engage actively in CSR programs in a balanced manner to increase non-family member employee's organisational identification. The findings of the research suggest that by developing and implementing balanced CSR programs, and actively getting engaged in CSR activities, family firms may help their non-family member employees better identify themselves with the firms. The article points out that due to unbalanced CSR resource allocation, family firms face the problem of inefficient CSR program implementation, and are suggested to switch alternatively to an improved scheme. Family firms may be advised to take corresponding steps to select right employees, communicate better with non-family member employees, use resources better and handle firm's succession problems efficiently. The paper extends employee's identification and CSR research into the family firm research domain and points out some drawbacks in family firm's CSR resource allocation while formerly were seldom noticed.
Corporate Social Responsibility: Interventions Of Oil And Gas Central Public Sector Enterprises In India
Author:R. K. Mishra, Punam Singh, Shulagna Sarkar
Volume: 2 | Issue no: 2-2013 | Pagination: 1-9
Oil and gas companies have immensely contributed to India's growth. Considering the nature of operation, there is a growing need for research in the area of CSR initiatives of these companies to commensurate the damages caused by them to environment, people and other stakeholders. The paper provides a platform to explain the various guidelines on CSR applicable to oil and gas public sector enterprises in India and intends to elaborate the need for CSR practises by oil and gas sector. The study is an exploratory research based on secondary data collected from seven major oil and gas sector companies in India to identify the various social and environmental interventions undertaken as CSR. The paper acts as a framework for further researches on assessment of the CSR impact of oil and gas companies in India for environmental sustainability and social upliftment. The paper identifies the future thrust areas of CSR and elaborates the need for collective sectoral effort in initiating CSR activities.
On The Road To An Encyclopedic Schema Of Ethical Management: A Concoction Of Multifarious Vedantic Philosophies
Author:Shivaji Banerjee, Shaunak Roy
Volume: 2 | Issue no: 1-2013 | Pagination: 1-7
The past couple of chiliads have incalculably borne testimony to philosophical contemplation, which have steered the ethical practices of business and management. The presented content is thus, ingrained on the roots of the premise that values and ethics are as germane as skills for the effectual management of organisations. Globally competitive, domestically indispensable and sustainable are those enterprises, which in the long run nurture the seeds of pragmatic ethics and canonical human values. The authors engage in a scholarly discourse to put together a holistic perspective of Vedantic ethical vision, springing from the roots of the pietistic Bhagavad Gita, and in so doing, validate the practical relevance of these principles to the substantive realm of business. This would unequivocally unveil the depths of ethical behaviour, which in all societies is persisting in going to seed. Momentous acumens on the subject of an enriched business that focuses on altering the face of organisational culture, hence zeroing in on vaster expansiveness and ethical chastity have also been shed valuable light on. The pursuit of this goal by bureaucrats and policymakers embraces the key to integral ethicality and sustainability by living out the 'nyay' and the 'niti'.
Analysis Of Gri Reporter
Volume: 2 | Issue no: 1-2013 | Pagination: 1-10
This paper reports the characteristic of GRI Reporters. GRI Reporters are corporates that make a sustainability reporting based on GRI guideline and report their reporting to GRI. This paper provides descriptions about the type of corporation, sector of corporation, the region and country, membership of country (OECD and DAC), and application level of corporation of the GRI reporters. From the descriptive analysis, we get information that more companies have the awareness to publish sustainability reports. In this paper, we do analysis on some interesting phenomenons; those are: indication that sustainability reporting has been the concern of SMEs as well as other corporations, financial services sector is the largest sector of the GRI reporter, and in fact many GRI Reporters come from developing countries, instead of developed countries.
Deceptive Practices In Indian Advertising: A Content Analysis Of Print And Television Advertisements Violating The Guidelines Of Advertising Standard Council Of India
Author:Kulveen Trehan, Gaurav Kr. Singh
Volume: 2 | Issue no: 1-2013 | Pagination: 1-11
Whether ethical advertising is an oxymoron remains a subject of debate as it continues to evolve in the Indian mediascape. The academia has expressed strong reservations on fundamental motives of advertising while the industry vehemently defends the role and legitimacy of advertising in the integrated brand promotion mix. Amidst it all, it becomes even more significant to decode advertisements visa- vis acceptable norms of conduct. Therefore this paper attempts to analyze the content of messages in print and television ads that have been registered as violating the code of Advertising Standard Council of India (ASCI). The results show that all deceptive practices exist across product categories. Ethical violations are on the rise because of the powerless nature of ASCI.
Vulnerabilities And Social Responsibility In India: Possibilities, Opportunities And Limits
Volume: 2 | Issue no: 1-2013 | Pagination: 1-5
India's economic growth post liberalisation has seen tremendous increase. At the same time, the polarisation of Indian society on economic and social parameters has never been sharper. The inability of vast sections of Indian society to take advantage of the economic opportunities on account of their multiple vulnerabilities has developed a context within which poverty and hunger are likely to become the norm rather than exception. The present paper argues that the CSR efforts of the corporate are likely to remain cosmetic in nature unless there is a focus and definite direction to these initiatives. While the prevailing texture and flavour of CSR in India is heavily influenced by CSR in the West, the CSR in India will have to be rooted in the realities of social life and deal with issues of vulnerabilities and marginalisation.
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